Q&A with 2017 Actuaries Summit Presenters Martin Mulcare and Rick Gilmore

Read­ing time: 3 mins

Mar­tin Mul­care from Eti­am inter­views Rick Gilmore, founder of Good Com­pa­ny Coach­ing, on why remain­ing rel­e­vant is the core chal­lenge of our time, and what to do about it. Mar­tin and Rick will be pre­sent­ing on Day One of the 2017 Actu­ar­ies Sum­mit.

Mar­tin Q: Our pre­sen­ta­tion is called: “How To Grow Your Rel­e­vance & The Rel­e­vance Of The Pro­fes­sion”. It focus­es on some­thing many of us can relate to, our per­son­al rep­u­ta­tion and the rep­u­ta­tion of the Actu­ar­i­al pro­fes­sion. Can you tell us why stay­ing rel­e­vant is so impor­tant these days?

Rick A: Well I’d say it’s not just impor­tant, it’s absolute­ly crit­i­cal.

Because you see, rep­u­ta­tion is every­thing. It always has been and always will be.

It’s just that the pres­sure to remain rel­e­vant is much more unre­lent­ing and less for­giv­ing now than ever before.

Just as many com­pa­nies and indus­tries are strug­gling with high pro­file socio-polit­i­cal pres­sures to improve their rep­u­ta­tion, reg­u­la­to­ry posi­tion and com­mer­cial advan­tage, so too are indi­vid­u­als and pro­fes­sion­al bod­ies fac­ing the same rep­u­ta­tion­al and rel­e­vance risks.

The fact of the mat­ter is, many of us are grap­pling with the grow­ing gap between the rapid rate of change and our abil­i­ty to remain rel­e­vant.

It’s fair to say that while some pro­fes­sion­als, and pro­fes­sion­al bod­ies for that mat­ter, are thriv­ing, some are feel­ing con­fused and frus­trat­ed and oth­ers even deval­ued and dimin­ished. And that’s why, whether your rep­u­ta­tion is on the way up or on the way down, how you stay rel­e­vant and avoid rep­u­ta­tion­al risk are the crit­i­cal busi­ness and career ques­tions of our time.

Mar­tin Q: You men­tioned that with accel­er­at­ing change, it seems to be get­ting hard­er to stay rel­e­vant com­pared to the past. Could you say a lit­tle more about that?

Rick A: There’s a famous old say­ing coined by McDonald’s founder Ray Kroc, that goes some­thing like – “either you are green and grow­ing or ripe and rot­ting”. Now the truth of the mat­ter is, we actu­al­ly nev­er have had the lux­u­ry of sim­ply stand­ing still. Change has always been chal­leng­ing, the choice has always been whether to embrace change and grow, or resist it and get left behind.

Since Ray’s time though, it’s all been ampli­fied. In this age of dis­rup­tion, it’s not a mat­ter of “if “ you’ll need to repo­si­tion your career to stay rel­e­vant, it’s a mat­ter of “when”. Either you learn how to repo­si­tion out of choice now, or get repo­si­tioned out of cir­cum­stance lat­er. And as you well know Mar­tin, that also applies to pro­fes­sion­al bod­ies, which is why you’ll be focus­ing on that in our pre­sen­ta­tion.

I’d like to add to that, that after work­ing with numer­ous exec­u­tives, busi­ness lead­ers and pro­fes­sion­als for over 27 years, espe­cial­ly in the last sev­en years, I can vouch that the fear of becom­ing obso­lete and not need­ed any­more, with­out a doubt is sad­ly ris­ing.

The truth is, behind closed doors, many of them tell me their secret fear is that their career has flat lined, or, isn’t advanc­ing as fast or as far as they expect­ed. Learn­ing how to take care of their career tra­jec­to­ry is now a top shelf pri­or­i­ty and crit­i­cal suc­cess fac­tor. For many that’s even more imper­a­tive than per­form­ing in their high pow­ered and high pres­sured roles.

Mar­tin Q: What are some of the key out­comes our audi­ence can look for­ward to as a result of lis­ten­ing to our pre­sen­ta­tion?

Rick A: We all need to think dif­fer­ent­ly about the future. So first up I will be pre­sent­ing a per­son­al rel­e­vance risk frame­work that will encour­age every­one  to assess their cur­rent per­son­al rep­u­ta­tion  and rel­e­vance tra­jec­to­ry. Then, I will also walk them through a com­plete roadmap on how to grow their rel­e­vance, as well as chal­lenge them to take the steps they need to take to ensure that they remain rel­e­vant as an actu­ar­i­al  pro­fes­sion­al.

After that, we’ll tran­si­tion over to you, where you will present on how to rust proof  and grow  the rep­u­ta­tion of the actu­ar­i­al pro­fes­sion.

Mar­tin Q: Yes, I’m look­ing for­ward to apply­ing your frame­work to the pro­fes­sion as a whole, in light of the chal­lenges to our tra­di­tion­al roles and the fun­da­men­tal review of our edu­ca­tion sys­tem. Final­ly, will the ses­sion involve sim­ply shar­ing ideas or will there be spe­cif­ic actions aris­ing?

Rick A: Specif­i­cal­ly, whether it’s about their per­son­al rel­e­vance or that of the pro­fes­sion, we’ll help every­one make some new agree­ments so they know exact­ly what imme­di­ate action to take to avoid rep­u­ta­tion­al risk when they get back to their work­place.

The promise of our pre­sen­ta­tion is that they will dis­cov­er new ways to apply proven strate­gies and tech­niques to become recog­nised experts, accel­er­ate the rel­e­vance of the pro­fes­sion, and be them­selves at all times. Remem­ber, in order to make it to the top, you don’t have to turn into some­thing you are not, quite the oppo­site in fact. 

Rick Gilmore and Mar­tin Mul­care will be pre­sent­ing at the 2017 Actu­ar­i­al Sum­mit 2223 May.

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About the authors

Martin Mulcare

Martin Mulcare is a non-executive director who enjoys sharing ideas in his roles as facilitator, adviser, trainer and coach. Martin is the facilitator of the Professionalism Course.

Rick Gilmore

Rick Gilmore is the founder of Good Company Coaching and creator of The Relevant...not Redundant Roadmap. He is an Australian based authority on amplifying influence and remaining relevant. His clients include: Unisys, CSR, Orica, ANZ, CSC, Fairfax Media, Jemena and American Express, to name a few. He is also no mean hand at Rock music history, so if haggling over the Top 20 Rock bands of all time whets your appetite, have a chat with Rick during the break.

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